04/10/21 Analysts expect MGM to continue looking for IR developments Moody’s expects MGM Resorts International to develop “large, high profile” IR opportunities around the world.
04/10/21 Melco Resorts awards CEO US$10m worth of shares Melco CEO Lawrence Ho Yau Lung has been awarded 484,956 shares worth US$10m.
04/09/21 China continues fight against cross-border gambling activity According to the Ministry of Public Security, police have arrested 110,000 people suspected of involvement in cross-border gambling.
04/09/21 Okura Holdings buys property in Nagasaki for expansion Okura Holdings has purchased a property in Nagasaki city for US$4m.
04/09/21 Police in Macau and China bust ring that scammed gamblers Macau’s Judiciary Police joined forces with mainland Chinese security units to dismantle a ring specialising in the use of bank-teller training notes to cheat gamblers in the city.
04/09/21 Macau receives 99,568 tourists during first week of April The average daily volume of tourists arriving during the Easter and Qingming Festival holidays was 53.8 per cent higher than during the 2020 October Golden Week holiday.
04/09/21 Paradise expects US$13.3m loss for Q1 The casino operator Paradise Co expects sales of KRW98.7bn, down 46.6 per cent year-on-year.
04/09/21 Melco gives share options to directors Melco International Development has announced that directors and “certain employees” have been granted a purchase option on shares.
04/08/21 Jeju casino receives transfer permission from governor Before Jeju Dream Tower casino can open there will be a period of inspection that could take at least a month.
04/07/21 Macau visitor numbers continue to rise but GGR falls Macau has reported gross gambling revenue of MOP$1.5bn (US$187m) for the first six days of April.
04/07/21 GKL casino revenue rises ten-fold following reopenings Grand Korea Leisure’s revenue increased from KRW507m (US$448,000) in February to KRW5.95bn (US$5.3m) in March.
04/07/21 South Korean casino employee numbers fall in 2020 Financial pressures brought about by the Covid-19 pandemic have led to the dismissal of many part-time workers.
04/07/21 MGM-Orix continues as only contender in Osaka’s IR tender Although Osaka extended its submission period until April 6, no fresh private-sector suitor has come forward.
04/07/21 Macau junket operators at risk from new laws and Covid-19 impact Macau’s junket operators have been deeply affected by travel restrictions and now China’s restrictions against cross-border gambling services. Analysts believe several could fold.
04/06/21 Tourism in South Korea down 90.4% in February Only 65,582 tourists visited South Korea in February due to ongoing Covid-19 countermeasures.
